Legal & General opens up mortgage market to customers, with the launch of a new service.
07 February 2012
Legal & General has today opened up the mortgage market to customers by giving them the ability to view and compare mortgage products previously only available through Advisers. The move is designed to give customers access to the widest range of products possible and means Legal & General's long-established and respected capability in the intermediary market is now accessible to customers through the click of a mouse.
By doing this Legal & General is giving customers information on some exclusive mortgage products not available on the high street (or any other source), which they negotiate for their Advisers through their relationships with banks and building societies and specialist lenders. The company hopes its move into the consumer space will provide vital assistance to borrowers searching for a home loan. As well as exclusive deals, the company's "Mortgage Comparison Tool" available at www.legalandgeneral.com/mortgages will also provide instantly accessible mortgage information and support. As part of this service customers have the option to be contacted by a professionally qualified adviser from leading mortgage broking firms across the country for more information, once they have found a product that suits their individual needs.
Karl Shaw, Business Development Director, Legal & General says:
"We've drawn upon our strength and expertise in the independent mortgage adviser market and our exclusive products to help offer extra choice to customers at a time when they most need it. We believe it's the responsibility of the industry to ensure that we make as much information and support available as possible to people looking for a mortgage, especially in the current challenging climate. This new offering will open up a whole new range of products previously invisible to the UK consumer and our tool will allow borrowers to be better informed about what is available to them prior to meeting with an adviser."
"Legal & General is one of the most instantly recognisable brands in UK financial services and we intend to bring to the retail mortgage market the 176 years of experience, expertise and credibility that has underpinned our highly successful presence in the UK intermediated mortgage market. Ultimately the aim of this is to help all existing and new borrowers better understand the options available to them and to have all the assistance possible when making the important decision of buying a home, remortgaging or investing in property.
Notes to editors
About Legal & General
Established in 1836 L&G has been in business for 175 years, illustrating the company's credibility and experience in every kind of economic climate. Legal & General currently has over 7 million customers for its life assurance, pensions, investments, general insurance plans and mortgage products. In the mortgage market, L&G aims to deliver customers the right mortgage, protection and related solutions for their homes and families by providing their advisers with outstanding products and expert business support
For more information please contact:
PR Manager, Legal & General Group
t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574